German Preliminary GDP contracts 0.1% in Q3 vs. -0.3% expected

Australia News News

German Preliminary GDP contracts 0.1% in Q3 vs. -0.3% expected
Australia Latest News,Australia Headlines
  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

The German economy shrank 0.1% over the quarter in the third quarter of 2023, compared with expectations of a 0.3% contraction and 0% booked in Q2, th

German GDP arrives at -0.1% QoQ in Q3 vs. -0.3% anticpated. Annualized German GDP stands at -0.3% in Q3 vs. -0.7% expected. EUR/USD catches a bid on upbeat German Q3 GDP figures. e preliminary report published by Destatis showed on Monday. Meanwhile, the GDPrate dropped at an annual pace of 0.3% in Q3 against the previous reading of -0.2% and beat the market consensus of a 0.7% deceleration.

28% -0.03% -0.28% 0.09% AUD 0.32% 0.31% 0.34% 0.25% 0.26% 0.00% 0.39% JPY 0.07% 0.03% 0.17% 0.00% -0.25% -0.27% 0.13% NZD 0.33% 0.31% 0.34% 0.28% 0.01% 0.25% 0.37% CHF -0.06% -0.06% -0.03% -0.10% -0.32% -0.13% -0.37% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EUR/USD attracts some sellers around 1.0550 ahead of the German GDP, CPI dataEUR/USD attracts some sellers around 1.0550 ahead of the German GDP, CPI dataThe EUR/USD pair posts losses during the early Asian trading hours on Monday. In the busy week in terms of economic data release, traders will take cu
Read more »

EUR/JPY remains under pressure below the 158.00 mark, German GDP, CPI eyedEUR/JPY remains under pressure below the 158.00 mark, German GDP, CPI eyedThe EUR/JPY cross loses traction below the 158.00 mark during the early European trading hours on Monday. That being said, the weaker-than-expected Eu
Read more »

Despite a Hot GDP Number, Stocks Can’t Sustain a RallyDespite a Hot GDP Number, Stocks Can’t Sustain a RallyAt 4.9%, the economic growth figure is another case of good news as bad news. While the Federal Reserve is unlikely to raise rates now, market sentiment has...
Read more »

USD/CAD loses ground above the mid-1.3800s, Canadian GDP, PMI data eyedUSD/CAD loses ground above the mid-1.3800s, Canadian GDP, PMI data eyedThe USD/CAD pair trades with modest intraday losses above the mid-1.3800s during the Asian trading hours on Monday. The softer note of the US Dollar (
Read more »

Google Paid How Much to Be the Default Search Engine?Google Paid How Much to Be the Default Search Engine?One executive revealed the number, and it's more than the GDP of Haiti.
Read more »

German museum hopes to reconnect Alaska Native communities to artifacts collected in 1880sGerman museum hopes to reconnect Alaska Native communities to artifacts collected in 1880sThe rise in access to hundreds of items follows work by Chugach Alaska’s John F.C. Johnson to repatriate funerary objects and human remains taken from the region.
Read more »



Render Time: 2025-02-28 08:41:57